Exercise of Options and Issue

RNS Number : 3916A

Symphony Environmental Tech. PLC

31 January 2011

 



31 January 2011

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

Exercise of Options and Issue of Equity

Symphony Environmental Technologies Plc ("Symphony" or "Company") announces that on 31 January 2011, the Company received notice from a member of Symphony's staff to exercise options over 50,000 new ordinary shares of 1p each in the Company (the "Option Shares").  These options were granted on 31 January 2008 under the Company's EMI scheme. The exercise price for the Option Shares is 2.75p per share, £1,375 in aggregate.

Application will be made for the Option Shares, which will rank pari passu with the Company's existing ordinary shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will be effective and that dealings will commence on or around 08 February 2011.

Following Admission, the enlarged issued share capital of the Company will be 117,334,577 ordinary shares of 1p each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

**ENDS**

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Allenby Capital
Nick Naylor/James Reeve	Tel: [phone]
Bishopsgate Communications Nick Rome	Tel: [phone]

 

END

 

 

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